HL Portfolio+

Portfolio+ is not personal advice. If you are unsure if it is an appropriate service for you or which portfolio is suitable for your circumstances, contact us for advice. As the value of investments can fall as well as rise you should anticipate holding it for at least 5 years and not invest monies you may need before then. Tax rules can change and the benefits will depend on your circumstances.

Select an investment account

First select which investment account you would like to choose for your ready-made portfolio.

Why choose Hargreaves Lansdown?

Research

We believe exceptional fund managers are few and far between, but can be identified using a combination of rigorous statistical analysis and face-to-face meetings.

By investing via our HL Portfolio+ service, you will reap the benefits of thousands of hours of analysis by our 16-strong research team. Your portfolio will be designed, constructed and managed by professionals with years of experience, taking the hard work out of investing and giving you the peace of mind that your investments are in good hands.

This research is accessed using the range of Multi-Manager funds run by our sister company, HL Fund Managers Limited.

Security

Hargreaves Lansdown has been helping clients choose and manage investments since 1981, and we now look after £70.0 billion on behalf of 876,000 clients. We have no debts and are a financially strong, FTSE 100 company.

Safety of our clients' assets is our priority. We invest heavily in online security systems to prevent fraud. With Hargreaves Lansdown you can be confident we will be here for the long term to help you make the most of your investments.

Service

The experience gained over four decades has allowed us to develop a service tailored precisely to the needs of private investors.

95.7% of our clients rate our service good, very good or excellent (client satisfaction survey conducted by HL in May 2015 with 14,334 respondents).

Lee Gardhouse

Investment Director

Lee joined Hargreaves Lansdown in 1995 and was appointed Investment Director in 2006. He is now responsible for over £5 billion within the Hargreaves Lansdown Multi-Manager Fund range and also manages investments within our Portfolio Management Service.

Can I view or print the portfolio factsheets?

Yes, you can view all the factsheets below. Each factsheet provides further information on the portfolio, recent performance and asset allocation.

The factsheets show the HL Multi-Manager Funds which are used to build the portfolio. Our Multi-Manager Funds invest in funds from leading companies like Woodford, Old Mutual, Aberdeen and First State. These underlying funds are also shown on the factsheet.

Income portfolios

In which accounts can I invest?

New clients

You may invest in Portfolio+ within a Stocks & Shares ISA, SIPP or Fund & Share Account. If you wish to invest in a different account, you will need to open the account first, then return to this page to place your instruction to invest in HL Portfolio+.

You must be aged 18 or over to invest, with the exceptions of the SIPP where people aged less than 18 can invest with their guardian's approval.

You must be aged 18 or over to invest, with the exceptions of the SIPP, Junior SIPP or Junior Stocks and Shares ISA, where people aged less than 18 can invest with their guardian's approval.

What is the tax position?

If you hold Portfolio+ within an ISA or a SIPP:

You do not have to pay income tax on any income or capital gains tax on any disposals.

If you hold Portfolio+ in a Fund & Share Account:

Income: Income on the holdings (such as dividends and interest) is received gross but will be subject to income tax. Income rolled up into your accumulation units is also taxable. This income, broken down into dividends and interest, will be shown on the Consolidated Tax Certificate that accompanies the Spring Investment Report. You can use this information in completing your tax return, where applicable.

Capital gains tax: Capital gains tax may be due on any disposals. This will depend on the amount of gain, and whether or not you have disposed of any other chargeable assets in the same tax year. Disposals may include, but are not limited to: sales of units (both where you sell holdings, or sales to raise funds to settle fees), sales for the purpose of rebalancing the portfolio biannually, transfers to others and gifts.

You should note that the above is guidance only and you should seek specialist tax advice from an accountant or tax adviser if you are unclear. You are responsible for ensuring that you correctly report and pay tax on your income or gains.

What are the annual charges?

Only the standard Vantage account charges and those of the underlying funds. There are no additional charges for HL Portfolio+ and no charge to rebalance the holdings.

The Vantage account charge is an administration charge to hold funds in the Vantage Service. Our charge is tiered within bands and will be 0.45% per annum on the first £250,000 of funds within each Vantage account, 0.25% per annum on the value of funds between £250,000 and £1m, 0.1% per annum on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.

Like any fund, each HL Multi-Manager fund has an ongoing charge (OCF/TER). The ongoing charge (OCF/TER) for the portfolios are as follows as of 31/10/2017:

Portfolio name

Ongoing charge (OCF/TEF)

Adventurous Income

1.35%

Balanced Income

1.32%

Conservative Income

1.32%

Adventurous Growth

1.46%

Balanced Growth

1.44%

Conservative Growth

1.37%

Please note - the ongoing charge (OCF/TER) will vary over time depend on the relative performance of the funds held within each portfolio.

Can I transfer to HL and invest in Portfolio+?

Yes - you can transfer an ISA, pension, or unwrapped funds and shares to Hargreaves Lansdown and invest in the Portfolio+ of your choice. You can instruct the transfer by completing one of our Portfolio+ transfer forms.

What is rebalancing and why is it important?

Rebalancing involves selling a little of what has done well, and reinvesting elsewhere - to help keep the portfolio on track to achieve its pre-determined objectives.

Left unchecked a portfolio will naturally increase exposure to the area that is performing best over any one period of time. This can have two negative impacts.

The risk in the portfolio can tilt (for instance an ever increasing exposure to equities if they outperform fixed interest/bonds) meaning that an investor could end up with more or less exposure to the areas of the market than was originally set.

Investment is cyclical in nature and asset types (shares, bonds etc.) come in and out of favour as do investment styles (high yield shares have historically performed well in tougher market environments but have lagged in periods of explosive market performance).

A portfolio that is not rebalanced risks having maximum exposure to a style or area of investment just before it falls out of favour and minimum exposure just before it comes back into favour. Regular re-balancing helps investors to take advantage of the ebb and flow of investment fashion. Given the low cost of rebalancing it makes sense to keep portfolios in line with the investors' chosen mix of assets and associated risks.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

78.6%
Portfolio total return

Benchmark70.5%

Cash1.9%

-9.0%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

About the benchmark

The Investment Association (IA) is the UK fund industry's body. This portfolio uses a benchmark
made up of two IA sectors to reflect the benchmark of the underlying Multi-Manager funds. The benchmark
comprises 80% IA UK Equity Income sector and 20% IA Global sector.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

57.8%
Portfolio total return

Benchmark49.6%

Cash1.9%

-7.1%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

About the benchmark

The Investment Association (IA) is the UK fund industry’s body. This portfolio uses a benchmark
made up of three IA sectors to reflect the benchmark of the underlying Multi-Manager funds. The
benchmark comprises 55% IA UK Equity Income sector, 27.5% IA Mixed Investment 20-60% Shares and 17.5% IA GBP Strategic Bond.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Source: HL/Lipper IM to 31 July 2017.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

43.2%
Portfolio total return

Benchmark37.2%

Cash1.9%

-5.2%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

About the benchmark

The Investment
Association (IA) is the UK fund industry's body. This portfolio uses a benchmark made up of three IA sectors to reflect the benchmark of the underlying Multi-Manager funds. The benchmark comprises 40%
IA Mixed Investment 20-60% Shares, 40% IA GBP Strategic Bond and 20% IA UK Equity Income sector.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

91.7%
Portfolio total return

Benchmark88.1%

Cash1.9%

-9.4%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

About the benchmark

The Investment Association (IA) is the UK fund industry's body. This portfolio uses a benchmark
made up of two IA sectors to reflect the benchmark of the underlying Multi-Manager funds. The benchmark
comprises 80% IA Global sector and 20% IA UK Equity Income sector.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

71.4%
Portfolio total return

Benchmark65.3%

Cash1.9%

-8.0%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

About the benchmark

The Investment Association (IA) is the UK fund industry's body. This portfolio uses a benchmark
made up of three IA sectors to reflect the benchmark of the underlying Multi-Manager funds. The
benchmark comprises 45% IA Global sector, 37.5% IA Mixed Investment 40-85% Shares and 17.5% IA
GBP Strategic Bond.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Backtested, and since launch, portfolio performance (Oct 12 - Oct 17)

46.5%
Portfolio total return

Benchmark38.5%

Cash1.9%

-5.7%
Maximum peak to trough fall*

* This is the largest fall from a peak in performance since all the portfolio holdings have been trading (02/02/09). Larger falls would have been seen during the financial crisis and depending on the portfolio, falls of up to 40% could have been possible.

All HL Portfolio+ past performance figures are shown after all charges.

The portfolios have been available since 3 June 2015. We have included the performance since launch. The multi-manager funds have been trading since at least 2009 and in most cases much longer, this has enabled us to backtest the performance data to give an indication of the likely performance pre-launch. We have selected a five year performance time frame which includes backtested performance up to the 3 June 2015, and actual performance since the 3 June 2015. Please remember past performance is not a guide to future returns.

Five year detailed breakdown

The following charges are based on an investment of
£5,000 within a
over 5 years assuming
% growth rate

Year 1

Year 2

Year 3

Year 4

Year 5

Total

Investment

£5,000.00

HL charges

HL management charge

%

Investment charges

Net initial charge
including HL Discount of
%

%

Ongoing charge

%

Transaction costs

Incidental charges

Total charges
over 5 years

Average annual charge

Illustrative 5 year value

Illustrative 5 year value with no charges applied

Our website offers information about investing, but not personal advice. If you're not sure which investments are right for you, please request advice, for example from our financial advisers. If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in.